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318 Birchwood
Hartsville, SC 29550
$459,000
Conventional
Property
Bedroom
5
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
3325 Square Feet
Property Description
318 Birchwood Dr. was built in 1974 by Graham and Bill Segars, total sq. ft. 3,325. A separate 1200 sq.ft. shop/garage was added in 1996. The back deck was replaced in 2021 along with the roof. This large home has 5 bedrooms and 3.5 baths. Large walk-in attic area, ( no pull down stairs) tons of storage area a must see. Most recent appraisal done 2024 Throughout home you'll see custom handcrafted crown molding and flooring. Home has been well maintained throughout the years. New carpet and paint in downstairs bedroom and upstairs. Spacious indoor and outdoor living spaces create many possibilities for new owners. The split-level floor plan features heart pine flooring along with custom crown molding on the main living floor which includes living room, dining room and den with woodburning fireplace flanked by two sets of French doors that open onto a deck which overlooks the large backyard and pond. The kitchen and breakfast room on the same level offer beautiful views of the natural beauty outdoors and provides a spacious footprint that could easily be updated to accommodate a more modern kitchen. A mudroom with washer /dryer connections, a large utility sink, and extensive storage off breakfast room, as is a half bath and home office with built in desk and bookshelves. From the mudroom you exit to a covered walkway to the large workshop. The workshop can be accessed from the backyard or the driveway in order to get to your favorite toys or tools. There's plenty of space for lawn mower, boat, golf cart, etc. This is in addition to the two car garage which also has a large closet space. With fresh paint , carpet and plumbing fixtures throughout , 318 Birchwood Dr. offers a clean and neutral slate. The master bedroom and bath are located upstairs and include walk-in closets. Two additional bedrooms with large closet space share a bath upstairs. A stairs case not pull down leads to more rare storage, must see! Downstairs there are two bedrooms a full bath and large den area. The downstairs provides children their own space or perhaps and in-law suite. there's even a cooktop bar and sink which could easily be updated to the new owners taste. Large windows look onto the backyard and small patio. In addition to all the special characteristic of the home it includes 2 acres of land which could be sub divided. If the new owners were to sell the adjoining lot, a fair market value of 30-40K should be expected. Call to book your appointment or simply inquire 843-858-0033 Gray Segars.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1974
MLS Number
--
Location
Address
318 Birchwood
City
Hartsville
State
SC
Zip Code
29550
County
DARLINGTON
Listing
Name
Phone
(843) 858-0033
Office Name
Office Phone
(843) 332-6508
Agent Name
Michael Segars
Agency Phone
(843) 332-6508

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.